Qatar to pull out of OPEC by next January

Qatar announced on Monday it would withdraw from OPEC, mixing its aspirations to increase production outside of the cartel’s constraints with the politics of slighting the Saudi-dominated group amid the kingdom’s boycott of Doha. The…

Libya’s oil output falls by 150.000 bpd, NOC says

The Libyan National Oil Corporation (NOC) said Friday that operations at four oil terminals in the country had been temporarily halted due to bad weather conditions. “Ras Lanuf, Zueitina, Zawiya and Es Sider terminals have all been…

Libya’s oil exports to China doubled since last year

Libya’s oil exports to China this year, totalling $3.5 billion so far, are already more than double last year’s, Libya’s National Oil Corporation (NOC) said on Thursday. NOC Chairman Mustafa Sanallah said during a meeting with…

Oil Libya makes a re-brand into OLA Energy in Kenya

Libya Oil Kenya Limited unveiled a new visual identity Wednesday, under the brand OLA Energy, the new brand for its extensive network of retail outlets and petroleum products, Capital Business reported.  “This new brand captures the…

Algeria’s state oil firm abandons Libya drilling work

Algeria’s state oil and gas company has pulled out of Libya citing deteriorating security conditions. Sonatrach said it had first evacuated its personnel from Libya and then transported production equipment across the border.…

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